new - 6 days on rocket

1816 Madison Ave, Baltimore, MD, 21217

$675,000

Home List Price

$8,016*

Closing Credit

0 Baths
3,135 SqFt
$215/SqFt
Multi

Location

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1816 Madison Ave, Baltimore$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street, Parking Lot
Year Built1920
HeatingForced Air
CoolingCentral Air
MLS #MDBA2146064
StatusActive
(ACTIVE)

About 1816 Madison Ave

Welcome to this meticulously remodeled triplex, ideal for investors or owner-occupants seeking a move-in-ready property with significant rental potential. This three-unit building includes two spacious 3-bedroom, 2-bath apartments on the first and second floors, each with a private ensuite bath. The third-floor unit features a well-designed 2-bedroom, 2-bath layout, also with an ensuite for added comfort. Highlights of this property include: All-new vinyl flooring throughout each unit Brand-new kitchen appliances with warranties, ensuring reliability and longevity All-new windows, HVAC systems with new ductwork, and updated gas lines Fully overhauled plumbing, including new drain and supply lines Separate meters for each unit, plus a common area meter for shared spaces Each unit showcases a modern kitchen with soft-close shaker cabinets, granite countertops, and a subway tile backsplash. The metal fire escape has been recently repaired and painted, ensuring safety and durability. The building also boasts a converted rear parking lot with spaces for up to four cars, an invaluable feature for tenants. The spacious basement includes an owner’s closet and hookups for two laundry systems, providing the potential to add coin-operated machines for extra income. With FHA loan eligibility and extensive upgrades, this triplex combines modern comforts with excellent income potential and minimal upkeep. Don’t miss this rare opportunity to own a turnkey rental property that’s ready to generate income from day one.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 3,135 SqFt

Listing Office:

  • Office Name: VYBE Realty
  • Office Phone: (410) 220-4648
  • Listing Agent: STEPHEN PIPICH Jr.

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator, Stainless Steel Appliances, Oven, Gas Range, Stove
  • Flooring Type: Ceramic Tile, Laminate Plank, Luxury Vinyl Plank
  • Interior: Floor Plan - Open, Primary Bath(s), Upgraded Countertops

Exterior Features

Parking Information:

  • Parking: On Street, Parking Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Baltimore City

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $215/SqFt

Tax Information:

  • Annual Amount: $5,824
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Baltimore, MD.

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Baltimore, MD

City

Med. Sold Price

$224.9K

Med. Price/SqFt

$162

Avg. Days On Market

40

# of Sold Homes

566

1816 Madison Ave vs Baltimore

6 DAYS ON ROCKET

-34 Days

$675,000

+$450K More

$215/SqFt

+$52 More

KEY TAKEAWAY

This property is $450K more than the Median Sold Price and $52/SqFt more than other homes in Baltimore, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDBA2146064

Listing Office:

  • Office Name: VYBE Realty
  • Office Phone: (410) 220-4648
  • Listing Agent: STEPHEN PIPICH Jr.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 07, 2008Home Sold
$251,600

Tax History

YEARPROP. TAXASSESSMENT
2021$5,824$262,333
2020$6,007$254,567
2019$5,796$246,800
2018$5,824$246,800
2017$5,824$246,800

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-454703
1
/10

  • Eutaw-Marshburn Elementary School

  • 1624 Eutaw Pl

  • 0.16 miles

  • Public District Grades PK-5

school-card-donut-454704
1
/10

  • John Eager Howard Elementary School

  • 2011 Linden Ave

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-454705
2
/10

  • Furman Templeton Preparatory Academy

  • 1200 Pennsylvania Ave

  • 0.54 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,692. The most common annual income of people living in Baltimore, MD is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Maryland›Baltimore›21217›1816 Madison Ave

This home is located at 1816 Madison Ave in Baltimore, MD and zip code 21217 in the Central neighborhood. This 3,135 square foot home was built in 1920. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $675,000.

Over 198 listings were sold over their listed price in October 2024 in Baltimore, MD. In the same period over 223 listings were sold below the listed price and 145 listings were sold for the listed price. Between September 2024 and October 2024, Baltimore, MD real estate market has seen increase in the number of listings by 12%. In October 2024 median list price was $224,997 and the average listing age was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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